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. >> greece's international lenders say the deeply indebted nation deserves to keep getting funds for a bailout, but they continue to warn that there are very large risks that the greek economy could eventually collapse. >> the report from the european commission and european central bank comes as athens receives a long overdue installment of over 34 billion euros international aid on monday. lenders are concerned about growing political resistance to implement needed reforms. public-sector workers are calling for strikes on wednesday to protest. and the international monetary fund, which is also part of the troika of lenders to greece, has released 890 million euros in fresh bailout funds to ireland. the imf says the country is making good progress under its own two-year rescue program. >> ireland is proceeding with reforms to lower its deficit in spite of a slowdown in economic growth. the imf expects ireland's deficit to come under targets. in spite of calls to boost social spending in response to high unemployment. ireland's budget for next year and to reduce its deficit by about
. >> greece's international lenders say the deeply indebted nation deserves to keep getting funds for a bailout, but they continue to warn that there are very large risks that the greek economy could eventually collapse. >> the report from the european commission and european central bank comes as athens receives a long overdue installment of over 34 billion euros international aid on monday. lenders are concerned about growing political resistance to implement needed reforms....
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Dec 5, 2012
12/12
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greece is standing has dropped -- greece's standing has dropped. somalia, north korea, and afghanistan are considered to be the most corrupt in the world. the report said, in greece, public confidence in the authorities had dropped significantly. >> there was this list where it emerged that former finance minister christine lagarde, now the imf chief, pastelist to her greek counterpart of people who were evading taxes, but -- passed a list to her greek counterpart of people who were evading taxes, but it was never pursued. >> politicians and officials are taking bribes, even as austerity programs continue. >> earlier, i spoke to the research head at transparency international. i asked which country had made the most progress in the last year at overcoming corruption. >> it is difficult to single out individual countries. what we want to focus on is the countries that stay at the top of our index. we have the scandinavian countries, countries like new zealand, where the commitment access to information, to the justice system working, to open budgeti
greece is standing has dropped -- greece's standing has dropped. somalia, north korea, and afghanistan are considered to be the most corrupt in the world. the report said, in greece, public confidence in the authorities had dropped significantly. >> there was this list where it emerged that former finance minister christine lagarde, now the imf chief, pastelist to her greek counterpart of people who were evading taxes, but -- passed a list to her greek counterpart of people who were...
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a stir you know the british public put up with this bearing in mind what we're seeing happening in greece spain italy protests. i think i think actually they probably will i think because i think that's a good chance that. counts the conservatives on the next election i don't think you'll see a big big you necessarily but it's i think given how bad things are where people actually quite stoically accept that unfortunately little or no growth is the new normal but we shouldn't be fatalistic about this you don't think we'll see that there's a social unrest particular scene in greece even if some analysts talking about some sort of revolution perhaps could be under way though you you wouldn't see anger building over the next few years if the british public are subjected to such strong measures i think you will see some you will see this it will protest on the streets but i think the difference with greece and europe isn't is that. he is being imposed on them by unelected bureaucrats here at least. an elected government that is pursuing these policies but that's only. highlight the fact that
a stir you know the british public put up with this bearing in mind what we're seeing happening in greece spain italy protests. i think i think actually they probably will i think because i think that's a good chance that. counts the conservatives on the next election i don't think you'll see a big big you necessarily but it's i think given how bad things are where people actually quite stoically accept that unfortunately little or no growth is the new normal but we shouldn't be fatalistic...
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Dec 7, 2012
12/12
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the promise of another bail out funding for greece is keeping the market stable. let's get a check on tokyo markets. on the tokyo foreign exchange the dollar is trading in a narrow bend. that's 82.53 to 55. traders would like to confirm how the u.s. is performing. it's now back above the 107 levels. 107.05 to 10. let's take a look at stocks. japanese share prices are a little change. the nikkei trading above the 9,000 mark. 9,558 so far this morning. looks like everyone is waiting for the u.s. jobs data. let's take a look at the jobs market in the asia pacific. kospi is trading at the central bank's role has become a key focus in japan's general election. the leaders othe ruling party have expressed contrasting views on what the bank of japan can and should do. our business reporter spoke with two economists for their take on the issue. >> translator: debate had heated up ever since banks were urged to take strong action. >> translator: we will boost public spending. that's going to force new money into the market. this will have a positive effect on the economy.
the promise of another bail out funding for greece is keeping the market stable. let's get a check on tokyo markets. on the tokyo foreign exchange the dollar is trading in a narrow bend. that's 82.53 to 55. traders would like to confirm how the u.s. is performing. it's now back above the 107 levels. 107.05 to 10. let's take a look at stocks. japanese share prices are a little change. the nikkei trading above the 9,000 mark. 9,558 so far this morning. looks like everyone is waiting for the u.s....
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his visit comes less than two weeks after greece's creditors agreed to extend billions in additional financing constitutional law professor george. believes that the way the union chose to deal with a crisis is unsustainable. so much as me though. well. listen. but unfortunately. no it. isn't easy to. control just to do good example would be the only for you the national military fund. and such. a huge here but of course it's real easy this is make you do so. to the german taxpayers so. simple you serious. stuff in for people with a clear will go to the. well is the e.u. pursuing the goal of a united europe at the expense of individual nations that's the action as taking center stage at the latest round of people about later on today. of course the european union has to be based on subsidy or it's a principle which means that the decisions are made close as possible to the set a sense on the other hand the only is that in the case is that the case song sure thing is that the case let me finish all right go ahead yeah yeah of course but about dontcha think that. in a case that a feder
his visit comes less than two weeks after greece's creditors agreed to extend billions in additional financing constitutional law professor george. believes that the way the union chose to deal with a crisis is unsustainable. so much as me though. well. listen. but unfortunately. no it. isn't easy to. control just to do good example would be the only for you the national military fund. and such. a huge here but of course it's real easy this is make you do so. to the german taxpayers so. simple...
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protests marking the fourth anniversary of the shooting of a teenager by a policeman turned violent in greece in athens effects of protesters holed rocks and petrol bombs with tear gas and stun grenades used in response fifteen year old alexandros was shot dead in athens in two thousand and eight sparking major riots across the country a police officer responsible was jailed for life because it was decided the teenager posed no threat. to typhoon bopha which has been battering the philippines for the last two days is now claimed almost three hundred fifty lives the storm moved away from populated areas on wednesday tens of thousands fled their homes as heavy rains and high winds rolled across southern and central regions of the country cutting off power in two provinces rescue teams have been working in the worst hit areas but it's feared the number of casualties will rise. the congolese m twenty three rebel group is to hold talks with the country's government in neighboring uganda that's after militants from the group drew from the strategic city of goma remain in air is nearby and thirty th
protests marking the fourth anniversary of the shooting of a teenager by a policeman turned violent in greece in athens effects of protesters holed rocks and petrol bombs with tear gas and stun grenades used in response fifteen year old alexandros was shot dead in athens in two thousand and eight sparking major riots across the country a police officer responsible was jailed for life because it was decided the teenager posed no threat. to typhoon bopha which has been battering the philippines...
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Dec 1, 2012
12/12
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. >> the german parliament approves billions in loans and guarantees to save greece from bankruptcy. >> with more and more shoppers seeking out handcrafted and traditional gifts, germany's famous christmas markets struggled to keep up with the demand. tens of thousands of egyptians are out protesting against president morsi at this hour after an islamist-led assembly raced through the approval of a new constitution, a move to end the crisis. >> the document is based on sharia law. critics say it ignores fundamental democratic principles and marginalizes the nation's large christian populations. it has set the stage for conflict in a more increasingly divided nation. >> opponents of the president are outraged at the document adopted by the assembly. protesters are maintaining a vigil, and demonstrations are growing. critics warn that egypt is fast becoming an islamic state. >> hosni mubarak never divided the egyptian people. now, there is president morsi, and we do not know if he is the president of egypt or the president of the muslim brotherhood. >> islamists who dominate the assemb
. >> the german parliament approves billions in loans and guarantees to save greece from bankruptcy. >> with more and more shoppers seeking out handcrafted and traditional gifts, germany's famous christmas markets struggled to keep up with the demand. tens of thousands of egyptians are out protesting against president morsi at this hour after an islamist-led assembly raced through the approval of a new constitution, a move to end the crisis. >> the document is based on sharia...
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the financial drain for greece and europe in general doesn't seem to be going anywhere despite all the effort artie's cross-talk showed today on whether nosediving and decline is a new trend for the whole western world here's a preview of what's coming up at fifteen thirty g.m.t. . so is the problem is the image quality inside the western capitalist system and this inequality is being reproduced by the chinese workers of the time i am between those. because north and south europe and china whenever i travel inside china i see the same mistakes they are committing that the west has been committing for the past twenty years and it's basically to apply new liberalism to china alexander you clarkie disagree go ahead yeah of course i disagree the problem is not inequality as in and of itself the problem is the degree of inequality and i have driven around the southwestern united states as well and of course there's impoverishment there but if you drive up and down the east course the united states you will find that between boston miami i mean there is an enormous degree of wealth there are
the financial drain for greece and europe in general doesn't seem to be going anywhere despite all the effort artie's cross-talk showed today on whether nosediving and decline is a new trend for the whole western world here's a preview of what's coming up at fifteen thirty g.m.t. . so is the problem is the image quality inside the western capitalist system and this inequality is being reproduced by the chinese workers of the time i am between those. because north and south europe and china...
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is this is side you think that greece is on the road to recovery in a better bet these days or not going to. listen to music. but unfortunately. there. isn't an easy to. just give you an example. as we thought. but of course it's easy for your to so will use to determine experience so. will you see. more and. more stuff in for people with. so it's going to get tougher for angela merkel to get the there the backing to do this and it's going to get tougher for greece to come cap in hand in the future and is well let's let's talk about what the public think of it in germany gather some sixty percent of germans would rather see greece kicked out of the euro zone rather than pour more cash into it even if it's even as it stands at the moment along and you think can't keep up her financial support or is this the edward well you know. the. the oregon national audience is and look of you know. for recent it's not exactly a problem or for this between countless interest through the. economic divide between the sides in the north but long as the new congress we're going to see that clearly or spen
is this is side you think that greece is on the road to recovery in a better bet these days or not going to. listen to music. but unfortunately. there. isn't an easy to. just give you an example. as we thought. but of course it's easy for your to so will use to determine experience so. will you see. more and. more stuff in for people with. so it's going to get tougher for angela merkel to get the there the backing to do this and it's going to get tougher for greece to come cap in hand in the...
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Dec 8, 2012
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another moment of truth for athens -- when greece finds out weather its author -- offer to repurchase debt from private investors has paid off. that will help trigger the release of more rescue funds that greece so desperately needs to stay afloat. >> athens has offered to pay 10 billion euros to holders of its sovereign debt at a buyback value of up to 40 cents per euro. to be successful, the sale has to cut a greek national debt by 20 billion euros. news from athens made investors nervous this friday. our correspondence sent us this report from the frankfurt stock exchange. >> the suspense on the stock trading floor that weather or not the creditors of greece would take part in the debt buyback was too much for many investors. they decided to take some of the book's profits and sell shares. shares of deutsche telekom were the biggest dax losers. in order to invest money into new technologies such as broadband networks, they decided to cut the dividend for investors. now, many people here fear that this is something that more companies might do also next year, especially if the situa
another moment of truth for athens -- when greece finds out weather its author -- offer to repurchase debt from private investors has paid off. that will help trigger the release of more rescue funds that greece so desperately needs to stay afloat. >> athens has offered to pay 10 billion euros to holders of its sovereign debt at a buyback value of up to 40 cents per euro. to be successful, the sale has to cut a greek national debt by 20 billion euros. news from athens made investors...
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germany will be giving more financial aid towards greece now we saw m.p.'s voting with four hundred seventy three saying yes to this aid package one hundred saying no and eleven abstentions now what this does mean though and it's being talked about throughout the week is in next year alone it could cost germany over seven hundred million euros but we are seeing the politicians at least giving their support financial support towards greece but that support isn't being particularly backed up by some of the electorate here people on the streets of germany suggesting that perhaps greece should be left to its own devices. that is enough because we won't see this money ever again. at some point it should be stopped it's high time they were capable of helping themselves we're ok for now but someday we could also go broke there's alice speck north like no doubt to vice is all you we have already given at least so much more on the issues started only a lot going on hunger strike. and there's nothing more it's made i don't well they were people speaking just outside
germany will be giving more financial aid towards greece now we saw m.p.'s voting with four hundred seventy three saying yes to this aid package one hundred saying no and eleven abstentions now what this does mean though and it's being talked about throughout the week is in next year alone it could cost germany over seven hundred million euros but we are seeing the politicians at least giving their support financial support towards greece but that support isn't being particularly backed up by...
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your resume sire relieved as greece's great strewn with its dead buyback scheme with afghans now pulling flying for billions more in bailout cash. and the new u.n. nuclear watchdog or news talks with iran hoping to examine facilities they believe how secret up comic development might the evidence to back this is pushing this. it's not me i'm here in moscow are you watching our team with me to bomb what's a washington's decision to brand a leading rebel group in syria as a terrorist organization spock's of course of all drage among others who enjoy america's overwhelming support the key rebel coalition recognized by the u.s. as the sole representative of all the syrian people has thrown its weight behind al qaeda linked to al nusra front archies gannett you can experience it's clear that washington is trying to distance itself from extremists in syria they have designated the front a terrorist organization it's thought to be one of the most aggressive and ruthless groups currently involved in the conflict washington's decision to call them terrorists this in as more of a symbolic move bec
your resume sire relieved as greece's great strewn with its dead buyback scheme with afghans now pulling flying for billions more in bailout cash. and the new u.n. nuclear watchdog or news talks with iran hoping to examine facilities they believe how secret up comic development might the evidence to back this is pushing this. it's not me i'm here in moscow are you watching our team with me to bomb what's a washington's decision to brand a leading rebel group in syria as a terrorist organization...
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pipeline will transit the russian natural gas through of the black the sea up to bulgaria and on to greece is the end austria delivering gas directly to the european markets so stream is a competitor to be in the group the project that's the use of time to reduce its dependence all of the russian gas however the fate of that project is currently on certain due to falling demand for natural gas and europa and the high cost of construction gas from owns a fifty percent of the south stream pipeline the rest is split between france and germany and easily yet many in europe question whether it's even needed it's the overall cost of more than twenty billion dollars makes it one of the most expensive allergy supply systems on earth and critics say that's too much especially in times of the global economic recession but that skepticism one stop a project which promises choice and security long into the future. asia is seeing a bottle for resources as well was the two powerhouses china and india an easing of a fuel to feed their growing hunger but as a nation squabble over who gets the biggest slic
pipeline will transit the russian natural gas through of the black the sea up to bulgaria and on to greece is the end austria delivering gas directly to the european markets so stream is a competitor to be in the group the project that's the use of time to reduce its dependence all of the russian gas however the fate of that project is currently on certain due to falling demand for natural gas and europa and the high cost of construction gas from owns a fifty percent of the south stream...
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disrupted now this pipeline will transport russian natural gas through the black sea to bulgaria and on to greece its me and austria south stream is a competitor to being a bucco project that's the e.u. said time to reduces dependence on the russian gas however that project and the face of that project is currently uncertain due to falling demand for natural gas in europe and high cost of construction on a fifty percent of the south stream pipeline the rest is split between eataly germany and france yet many europe question whether this project is even needed the overall cost of construction is somewhere around twenty billion dollars and that makes it one of the most expensive and supply systems on earth and many critics believe that that's too much especially in times of the global economic recession but still that skepticism one stop a project which promises choice and security long into the future of. asia is saying a bunch of horror sources as well with the to move regional powerhouses china and angel needing fuel to feed their growing hunger but as nations score well over who gets the bigges
disrupted now this pipeline will transport russian natural gas through the black sea to bulgaria and on to greece its me and austria south stream is a competitor to being a bucco project that's the e.u. said time to reduces dependence on the russian gas however that project and the face of that project is currently uncertain due to falling demand for natural gas in europe and high cost of construction on a fifty percent of the south stream pipeline the rest is split between eataly germany and...
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plus austerity insurrection in europe with spaniards saving over eighty budget and strikes in greece within a dampener credit rating upgrade. you're watching artie's weekly news review with me carrie johnston. early results from the final round of voting in egypt's troubled referendum suggests the new constitution is likely to pass it follows nearly a month of protests with violent outbreaks taking place in the country's second largest city and xandra journalist a bell true has more from the capital correct. the preliminary results are in for egypt's contentious constitutional referendum egypt appears to voted for the constitution sixty four percent say yes. thirty six percent have said no this comes after mass to send in the streets across the country with the cost three weeks against this constitution opposition forces say force a presidential dictatorship and was drafted by an islamist dominated assembly of the twenty seven governors that went to vote in the last week only three voted against the constitution. this in the last round is largely due to the fact that in the last seve
plus austerity insurrection in europe with spaniards saving over eighty budget and strikes in greece within a dampener credit rating upgrade. you're watching artie's weekly news review with me carrie johnston. early results from the final round of voting in egypt's troubled referendum suggests the new constitution is likely to pass it follows nearly a month of protests with violent outbreaks taking place in the country's second largest city and xandra journalist a bell true has more from the...
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on earth now the pipeline if you pipeline will go directly from the black sea to bulgaria and on to greece italy and austria the project was dreamed up under the idea the more the merrier in other words the more pipelines the more secure the delivery to customers will be now it's a need that arose from transit countries ukraine in particular destructive deliveries on the number of occasions in the past fifty percent of the pipeline will be owned by russian allergy giant gazprom the rest of it with its leave france and germany however may need a euro question whether this project is if the media critics say that a whopping twenty billion dollars cost for a pipeline is way too much especially in current times of economic recession but it seems these fears are not enough to stop a project like this was the big question will be hoping beyond the choppy waters that you face of our own the very seat they will be going directly and. they're just seeing a battle for resources as well with the two regional powerhouse us china and india meeting ever more fuel to feed their hungry growing hunger but
on earth now the pipeline if you pipeline will go directly from the black sea to bulgaria and on to greece italy and austria the project was dreamed up under the idea the more the merrier in other words the more pipelines the more secure the delivery to customers will be now it's a need that arose from transit countries ukraine in particular destructive deliveries on the number of occasions in the past fifty percent of the pipeline will be owned by russian allergy giant gazprom the rest of it...
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this is a government like the one greece like the one island which is put all its eggs in the basket of. agreement with germany and to do something about it will take a lot more than one or two demonstrations it will take the risk of losing an election could change the course of the spanish government very much afraid or. it would take the possibility of losing. if. you start thinking that perhaps. outside and you talk about a change of government could we see political change after all you also made a similar comparison with what's going on in greece and there of course we've seen violent riots and that resulted eventually in the election of a technocratic government there could we see spain possibly heading the same way as greece. there's no doubt that that precisely this process is going to be followed through to spain but it will take some time you have to remember. the greek crisis. and even though there was a great deal of this content towards the socialist government between two thousand and nine and two thousand and twelve the student managed to hang on wide along why does no
this is a government like the one greece like the one island which is put all its eggs in the basket of. agreement with germany and to do something about it will take a lot more than one or two demonstrations it will take the risk of losing an election could change the course of the spanish government very much afraid or. it would take the possibility of losing. if. you start thinking that perhaps. outside and you talk about a change of government could we see political change after all you...
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i think there are a considerable number of people who would like to cut greece loose at this juncture a because it's probably the most humane thing to do but second of all because ultimately the greek government has simply field to do anything that has really been supposed to do in terms of privatization and so on many times it's enacted legislation but failed to follow through the taxation system in greece is broken all of these sorts of horrible things lead us to the fact that greece is governed in a third world fashion at the moment not in a first world fashion and that ultimately is causing a huge amount of frustration with a great many e.u. finance ministers some of them because they've got lots of money such as say germany and poland and so on some of them because they've actually taken their medicine the poor irish twenty five thousand people on the streets of dublin at the weekend complaining about your stereotype medicine they've had to get annoyed they're hearing that the greeks are going to get all manner of concessions in order to be allowed to get through the next hurdle
i think there are a considerable number of people who would like to cut greece loose at this juncture a because it's probably the most humane thing to do but second of all because ultimately the greek government has simply field to do anything that has really been supposed to do in terms of privatization and so on many times it's enacted legislation but failed to follow through the taxation system in greece is broken all of these sorts of horrible things lead us to the fact that greece is...
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himself was fear of the gulf stream pipeline will go directly from the black sea to bulgaria and on to greece italy and austria the project was dreamed up on to the idea the more the merrier not the words of the more punch lines the more secure the delivery to customers will be now it's a need that arose from transit countries ukraine in particular disrupted deliveries on a number of occasions and the fazzt fifty percent of the pipeline will be owned by russian energy giant gazprom the rest of us but with its leave france and germany however may need to europa question whether this project is different need it critics say that a whopping twenty billion dollars cost for a pipeline is way too much especially in current times of economic recession but it seems these fears are not enough to stop a project like this was the big question will be hoping the only choppy waters that face it are on the very seat they will be going directly on and there are more stories to catch up with online including russia's prime minister gets a grilling from german this week medvedev face questions on that infamou
himself was fear of the gulf stream pipeline will go directly from the black sea to bulgaria and on to greece italy and austria the project was dreamed up on to the idea the more the merrier not the words of the more punch lines the more secure the delivery to customers will be now it's a need that arose from transit countries ukraine in particular disrupted deliveries on a number of occasions and the fazzt fifty percent of the pipeline will be owned by russian energy giant gazprom the rest of...
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think the path is is very very clear i mean you have to do is look at europe look what happened in greece look what's happened in italy where it's been you know shown to the people of that region of the world as it's being shown to us this notion that representative government doesn't work no i don't believe that but i believe this is the message they're sending to worse you know that we have five hundred thirty five member body of congress and they just can't get anything done and as you alluded to you know it was nearly two years ago when congress said if the super congress the super committee can't come up with the deal to reduce our spinning and increase our revenue we'll have this fiscal cliff so you're right on the money thing it's been these wouldn't these promises that were made two years ago basically could never stand up we are always heading towards this problem you know one hundred percent correct look this is work in the united states of america this is where we govern by crisis we don't have representatives in washington d.c. we have political prostitutes that will go before
think the path is is very very clear i mean you have to do is look at europe look what happened in greece look what's happened in italy where it's been you know shown to the people of that region of the world as it's being shown to us this notion that representative government doesn't work no i don't believe that but i believe this is the message they're sending to worse you know that we have five hundred thirty five member body of congress and they just can't get anything done and as you...
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women frustration grows as taxpayers seem more money heading to debt ridden greece and all that still to come this hour on our team. at least fifteen people have been killed and more than thirty injured in the syrian city of homes my witnesses say there were two separate car bomb attacks near a mosque and a stadium many of the injured are still in a critical condition and the death toll is likely to rise this comes amid reports of syrian warplanes have hit rebel targets in the suburbs of damascus fighting between militias. and wishing troops has been raging in the area for around a month this week also some gruesome video emerged apparently showing the execution of ten on armed prisoners by syrian rebels one of the gunmen is heard referencing an al qaeda linked group a behind several terrorist attacks in the country in the meantime syria has experienced two motion wide communications blackout the opposition accuse the assad government of staging an information blockade but news analyst patrick kennedy says that primarily benefited those backing the rebel militias become a massive prob
women frustration grows as taxpayers seem more money heading to debt ridden greece and all that still to come this hour on our team. at least fifteen people have been killed and more than thirty injured in the syrian city of homes my witnesses say there were two separate car bomb attacks near a mosque and a stadium many of the injured are still in a critical condition and the death toll is likely to rise this comes amid reports of syrian warplanes have hit rebel targets in the suburbs of...
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melissa: some shocking news out of greece now. unintended consequence of its 2 dal billion euro health care debt is making it nearly impossible for hospitals to buy basic supplies like gloves, syringes, let alone crucial medications. on top of that massive layoffs mean fewer doctors and nurses are treating more patients. the severe lack of medical supplies is making much more easy for disease to spread especially from a country whose main industry is tourism. we have lee vinokur from louisiana university shreveport. thanks for joining us. >> my pleasure. melissa: how serious of a problem is this? >> it is a true greek tragedy because the greeks were somewhat responsible. at one point their health care system covered everybody for everything, the most expensive medicines. it was 10% of their gdp. and then the imf put them on strict austerity. they had a huge debt. they were borrowing a lot to cover medications and such. and the austerity budget really cut back to the point where kids aren't getting vaccinated now. there is no vacci
melissa: some shocking news out of greece now. unintended consequence of its 2 dal billion euro health care debt is making it nearly impossible for hospitals to buy basic supplies like gloves, syringes, let alone crucial medications. on top of that massive layoffs mean fewer doctors and nurses are treating more patients. the severe lack of medical supplies is making much more easy for disease to spread especially from a country whose main industry is tourism. we have lee vinokur from louisiana...
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german lawmakers overwhelmingly back giving greece its next pay out in the week vital to keeping the country from sliding into bankruptcy now means than athens can pay wages bills this month he approved package involves among other things slashing interest rates and releasing more cash chancellor angela merkel acknowledged the weariness of germans in further aiding greece but insisted the measures help to bring stability to the euro zone investment advisor patrick says germans are the only ones for the state of the greek government. i think there are a considerable number of people who would like to cut greece loose at this juncture a because it's probably the most unique in thing to do but second of all because ultimately the greek government has simply field to do anything that it has really been supposed to do in terms of privatization and so on and many times it's enacted legislation but feel to follow through the taxation system in greece is broken all of these sorts of horrible things lead us to the fact that greece is governed in a third world fashion at the moment not in a fi
german lawmakers overwhelmingly back giving greece its next pay out in the week vital to keeping the country from sliding into bankruptcy now means than athens can pay wages bills this month he approved package involves among other things slashing interest rates and releasing more cash chancellor angela merkel acknowledged the weariness of germans in further aiding greece but insisted the measures help to bring stability to the euro zone investment advisor patrick says germans are the only ones...
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going to be a story about europe and austerity and protests and riots whether it would be spain or greece or even the u.k. and these were real people in real situations in very scary situations and our correspondents were out there in the midst of it all. so waiting with all cecille still it's over some type of square and i just see the come around behind the camera everybody else around me putting just months on as i did a few for moscow during fisi. before i can say anything you get that horrible taste in your mouth and of course it's the tear gas that's become so synonymous with these demonstrations in greece along with the firing of molotov cocktails and clashes with the police the producers like to see their correspondents in the middle of a crowd which is great but then the crowd are shouting the correspondents try to speak out everyone's very loud you can't hear anything that makes for good television. it's an incredible event covering it is pretty exciting you've got political elements you use yellow is the news on the court force you've got the tragic human stories of people who
going to be a story about europe and austerity and protests and riots whether it would be spain or greece or even the u.k. and these were real people in real situations in very scary situations and our correspondents were out there in the midst of it all. so waiting with all cecille still it's over some type of square and i just see the come around behind the camera everybody else around me putting just months on as i did a few for moscow during fisi. before i can say anything you get that...
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and it's a case of another day another scandal as twelve million euros goes missing from greece's tourist industry just when the country needs it most we report on who's to blame at r.t. dot com. fighting between the syrian army and opposition forces has intensified in part of damascus on saturday sunday rebels claim they have targeted the presidential palace with shells meanwhile russia says that the refusal of syria's key opposition coalition to talk with the government only paves the way for further bloodshed at a meeting in moscow both foreign minister sergey lavrov and international peace envoy lakhdar brahimi said that dialogue is the only way to resolve the conflict lavrov also reiterated that although russia condemns the methods used by the syrian army in the war it will take no part in a regime change here's his response to the leader of syria's key rebel group who demanded moscow apologize for what he described as a support for president assad. but i want to spend i understand that mr had tb is probably not very experienced in politics but he's looking to be a serious politician
and it's a case of another day another scandal as twelve million euros goes missing from greece's tourist industry just when the country needs it most we report on who's to blame at r.t. dot com. fighting between the syrian army and opposition forces has intensified in part of damascus on saturday sunday rebels claim they have targeted the presidential palace with shells meanwhile russia says that the refusal of syria's key opposition coalition to talk with the government only paves the way for...
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a tragedy because they're not helping the spanish economy and they're not helping the people either greece got a rare bit a good news earlier in the week with an unexpected credit rating boost the celebration was short lived though as yet another general strike paralyzed the country then four of greece's biggest banks to clear that they'd need a twenty seven billion euro bailout boost and stay afloat crisis try this comes out the mirror told us that despite all the efforts european nations still haven't sold their basic problems. right now. you know national community be i.m.f. the e.c.b. and used to have stewart wars austerity which makes investors happy but of course makes the people and the best a community is relatively happy because there is more greater safeguards that their money is going to be returned form a fuss so i think that you're going to continue to see the see that where yields go up and the people are happier but the investor community is left and then we're going to have a work to the right where you have more austerity making people more angry and more right at the more
a tragedy because they're not helping the spanish economy and they're not helping the people either greece got a rare bit a good news earlier in the week with an unexpected credit rating boost the celebration was short lived though as yet another general strike paralyzed the country then four of greece's biggest banks to clear that they'd need a twenty seven billion euro bailout boost and stay afloat crisis try this comes out the mirror told us that despite all the efforts european nations...
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and it's a case of another day another scandal twelve million euros missing from greece's tourist industry just when the country needs it most we report on who's to blame at our t.v. dot com. while the so-called fiscal cliff deadline hangs heavy there is still no deal in signed between the firmly entrenched republicans and democrats millions of americans stand to see their taxes go up dramatically on new year's day but the sticking points holding up negotiations are the rates for the rich the republicans are rejecting any deal that would see those taxes rise while the democrats insist the wealthy could pay a little bit more charlie mcgrath founder of wide awake news says it's ironic is that the u.s. is the main parties have difficulty reaching a deal on policies to aid the nation's poor but had little trouble agreeing on the defense budget. when the cameras are on you know if they're on the red team they're coming out there saying it's the welfare. of people on food stamps or the people in extended unemployment benefits if they're on the blue team they're coming out and trying to get their
and it's a case of another day another scandal twelve million euros missing from greece's tourist industry just when the country needs it most we report on who's to blame at our t.v. dot com. while the so-called fiscal cliff deadline hangs heavy there is still no deal in signed between the firmly entrenched republicans and democrats millions of americans stand to see their taxes go up dramatically on new year's day but the sticking points holding up negotiations are the rates for the rich the...
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it goes on and let's talk about greece briefly ratings john s. and pay they've raised greece's school from selective default to be money it's not interesting up to six knots is up and the agency explained its decision by praising athens determination to cut its spending determination but what is actually done to to achieve that and to deserve that cutting rating they haven't really done anything i think that that could in a rating system it's a joke i mean come on they gave aaa ratings to the so bonds back in the day so forget about that. it's it doesn't that bring confidence though doesn't it actually bring a perception that it's working and that's what investors want to know about. what's happened is that investors realized that the europeans are just like keep on kicking the can down the road and so what investors are doing right now is just the short term trade and being very light on their feet and great to move at a moment's notice and so sure bond rates are down in greece relatively but you know the whole notion is that at any rate slower
it goes on and let's talk about greece briefly ratings john s. and pay they've raised greece's school from selective default to be money it's not interesting up to six knots is up and the agency explained its decision by praising athens determination to cut its spending determination but what is actually done to to achieve that and to deserve that cutting rating they haven't really done anything i think that that could in a rating system it's a joke i mean come on they gave aaa ratings to the...
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though there are problems in some territories in europe like italy and spain, greece, of course. there are other strong markets. again, this is a reason why china and russia and brazil and india have become so important at the global scenario. >> okay, we wish you all the best. have a great few days there in singapore. >>> the british chancellor executive george osborne is giving his autumn statement today. the chancellor has already dropped big hints about what we can expect. katie barnfield has gone up to man chester to see how the government's economic mandate is really playing well. >> reporter: earlier this week, the chancellor george osborne warned that although the uk's economic recovery will take longer than planned, it would be catastrophic if he put down his austerity measures now. but it is a catastrophe already here? manchester looks like a thriving city. but with the surrounding areas home to some of the most economically disadvantaged parts of the uk. rows of shops stand unused and the number of people claiming benefits has risen almost 70% since 2008. the uk's oppo
though there are problems in some territories in europe like italy and spain, greece, of course. there are other strong markets. again, this is a reason why china and russia and brazil and india have become so important at the global scenario. >> okay, we wish you all the best. have a great few days there in singapore. >>> the british chancellor executive george osborne is giving his autumn statement today. the chancellor has already dropped big hints about what we can expect....
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well greece's prime minister and his visitor to bavaria in an attempt to restore some faith in athens his trip to the wealthy german region came after greece sudden motion a complex financial operation to buy back some of the country's debt reduce prices the goal is to cut the national debt by around twenty billion euros to qualify for more financial aid from the european union and the international monetary fund samaras says visit comes less than two weeks after greece's creditors agreed to extend to billions in additional financing george catalysts an attorney and constitutional lawyer believes the way to the e.u. believes the way that the e.u. chose to deal with a crisis is unsustainable. but unfortunately. there's. a huge. if you do so such a lucid. german taxpayers show. you this simple you see this your usual more of more stuff in for people with glee i will go to. and the euro crisis is also a hot topic at r.t. dot com as we report on the thousands of spanish medical workers who are marching through my dread and protests against cut to health care as well as plans to sell off p
well greece's prime minister and his visitor to bavaria in an attempt to restore some faith in athens his trip to the wealthy german region came after greece sudden motion a complex financial operation to buy back some of the country's debt reduce prices the goal is to cut the national debt by around twenty billion euros to qualify for more financial aid from the european union and the international monetary fund samaras says visit comes less than two weeks after greece's creditors agreed to...
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greece got to read the good news out here in the week when unexpected the credit rating boost the sort of ration was short lived though as yet another general strike paralyzed the country then for greece's the biggest banks declared they would need to twenty seven billion euro bailed out but used to stand flint well crisis a strategist who goes on in there says that the spite all the efforts european nations still haven't solved their basic problems right now. you know national community b i have nothing to see be an easy. wars austerity which makes investors happy but of course makes the people and a better community is relatively happy because you know there was more greater safeguards that their money is going to be turned down in the form of a lot so i think that you going to continue to see this where eels go up and the people are happier but the investor community is less technique and then you have a swerves to the right where you have more austerity making people more angry and more riots and more protests and more stripes and yet investors feeling more secure in in in the bond
greece got to read the good news out here in the week when unexpected the credit rating boost the sort of ration was short lived though as yet another general strike paralyzed the country then for greece's the biggest banks declared they would need to twenty seven billion euro bailed out but used to stand flint well crisis a strategist who goes on in there says that the spite all the efforts european nations still haven't solved their basic problems right now. you know national community b i...
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things start to change and in fact, the underlying real problem, the growing deficit on the path to greece, the goal gets worse once we kick the can away. that will be the overriding probleming not the slowing economy not people spending money, but sure, that might not happen in the first two months, but it will eventually happen if we keep kicking down the can. we want to prove to the world that we have a solution and if it takes a few months to get there and higher taxes for a while, big deal, we will get there. that's got to be the plan not just the same nonsense. >> yeah, but larry, that's part of your point, but jonas says we're not in a bad recession, we're certainly not in a good recovery. and if we just keep falling little bit by little bit, maybe as much as jump off the cliff, but it's certainly a slippery slope. >> brenda, the damage is already being done. we saw it in november retail sales and companies delaying activity already and we know the ratings agencies are minutes away, we're right to fix the problem in the long run than making a bandaid short-term deal. it doesn't get
things start to change and in fact, the underlying real problem, the growing deficit on the path to greece, the goal gets worse once we kick the can away. that will be the overriding probleming not the slowing economy not people spending money, but sure, that might not happen in the first two months, but it will eventually happen if we keep kicking down the can. we want to prove to the world that we have a solution and if it takes a few months to get there and higher taxes for a while, big...
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it's a case of another day another scandal is twelve year olds goes missing from the greece is a tourist industry just when the country needs it most we report on who's to blame and argued. in britain people are told by leaders that we're all in it together when it comes to sharing the pain of austerity but try telling that to people living in the north east of england who believe their region is suffering more than the rest of the u.k. as first discovered they feel they're being left to suffer alone amid factory closures and rising unemployment. as he'll saying impressing gays it's grim up north it's a perception of life in some of the nations of the major cities recessions hit the case hard it's been in the northeast where it's been felt particularly acutely trade union leader about scots furious with the government's decision to close sunderland's rentboy factory it's a government venture that began back in the 1940's to provide employment the people with disabilities two weeks before christmas the government announced that they were going to close the package in factories and it leav
it's a case of another day another scandal is twelve year olds goes missing from the greece is a tourist industry just when the country needs it most we report on who's to blame and argued. in britain people are told by leaders that we're all in it together when it comes to sharing the pain of austerity but try telling that to people living in the north east of england who believe their region is suffering more than the rest of the u.k. as first discovered they feel they're being left to suffer...
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ran out long ago over chancellor merkel being a little too generous and bailing out countries like greece especially when it's their money. for is climate change the mayan world ending prophecy may have turned out to be hocus pocus but germans remain seriously concerned about keeping mother earth ticking over for as long as possible number three is a very twenty first century problem getting ripped off online as we bank in shop on the web more than ever before the fear for germans is that someone else is netting their details on their cash. poverty came in second towards the end of the year it was revealed that around a quarter of europeans are at risk of living below the breadline germans watch with despair what's happening to the greeks in spanish images they struggle to shake from their minds but the biggest worry for germans in twenty twelve was rising prices cost so rocketing everywhere from food to fuel and next year looks set to get even more pricey germany is a world leader in using renewable energy and over the coming year it's the consumer who will be paying to keep it that way
ran out long ago over chancellor merkel being a little too generous and bailing out countries like greece especially when it's their money. for is climate change the mayan world ending prophecy may have turned out to be hocus pocus but germans remain seriously concerned about keeping mother earth ticking over for as long as possible number three is a very twenty first century problem getting ripped off online as we bank in shop on the web more than ever before the fear for germans is that...